Sunoco (SUN) Set to Announce Earnings on Wednesday

Sunoco (NYSE:SUN) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Sunoco to post earnings of $1.56 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $2.62. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.63 billion. Sunoco had a net margin of 3.80% and a return on equity of 41.76%. Sunoco’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, analysts expect Sunoco to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Sunoco Stock Performance

SUN stock opened at $51.42 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.72 and a debt-to-equity ratio of 1.69. The firm has a market cap of $7.84 billion, a PE ratio of 6.80 and a beta of 1.31. The business’s 50-day moving average price is $52.91 and its two-hundred day moving average price is $53.86. Sunoco has a 1-year low of $49.45 and a 1-year high of $64.89.

Sunoco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Friday, November 8th will be given a $0.8756 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Friday, November 8th. Sunoco’s dividend payout ratio is currently 46.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SUN shares. JPMorgan Chase & Co. upped their price target on shares of Sunoco from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Wednesday, September 4th. StockNews.com downgraded Sunoco from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their target price on shares of Sunoco from $60.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays cut their price objective on shares of Sunoco from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.25.

About Sunoco

Sunoco LP, together with its subsidiaries, distributes and retails motor fuels in the United States. It operates through two segments: Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel, as well as other petroleum products, such as propane and lubricating oil from independent refiners and oil companies and supplies it to company-operated retail stores, independently operated commission agents, and retail stores, as well as other commercial customers, including unbranded retail stores, other fuel distributors, school districts, municipalities, and other industrial customers.